![8 core industries grew 6.7% in Feb vs 4.1% in Jan](https://images.assettype.com/fortuneindia%2F2022-09%2F87dcdf3f-f2aa-4cb0-bd9c-33e66cc508fd%2Fcement.jpg?rect=0,105,823,412&w=300&q=95)
8 core industries grew 6.7% in Feb vs 4.1% in Jan
Steel and electricity generation dipped 8.4% and 6.3%, respectively, in Feb 2024 vs 12.4% and 8.2% in Feb 2023
Steel and electricity generation dipped 8.4% and 6.3%, respectively, in Feb 2024 vs 12.4% and 8.2% in Feb 2023
India's summer worries on shortage of power due to coal availability may be in check this year as overall coal production has increased by over 12% so far in FY24.
In FY23, India’s domestic production was estimated at half a million tonnes, resulting in a 15% jump in imports to 2,75,341 tonnes
In November 2023, the total coal output reached 66 MTs, showcasing an 8.7% increase compared to the 60.7 MTs recorded in November 2022, reflecting a substantial rise of 5.3 MTs
Coal India Limited (CIL) continued to be the largest producer of domestic coal accounting for 78.8% of the total production during FY23.
Coal despatch touches 75.46 MT; coal-based power generation achieves 26.58% growth in June 2022
Though there was a dip in imports, coal demand rose from 906 MT in 2020-21 to 1,027 MT in 2021-22; govt says imports kept in check on sustained domestic supply.
Coal shortage persists despite countries such as China, India, Indonesia and Australia producing record amount in recent years.